Egypt's Islamist-dominated parliament on Saturday will pick members of a body tasked with drafting a new constitution, a document that could decide which branch of state will effectively rule the country for years to come.

Qatar First Investment Bank (QFIB) plans to list on the Doha stock exchange by year-end and wants to raise a $250 million sharia-compliant facility during the first half of 2012, Chief Executive Emad Mansour said on Tuesday.

Saudi Arabia's General Authority for Civil Aviation (GACA) will issue a sukuk, or Islamic bond, within one or two months to help finance its new 27-billion-riyal ($7.2-billion) airport in Jeddah, its president said on Al Arabiya television channel.

Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.